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JP Morgan CEO Jamie Dimon Says He Is ‘Scared Sh*tless’ Over Big Tech’s Move Into Finance

JP Morgan CEO Jamie Dimon Says He Is ‘Scared Sh*tless’ Over Big Tech’s Move Into Finance

JPMorgan Chase CEO Jamie Dimon has expressed his fears about the future of both traditional banks and the country at large following the growth of Big Tech into the financial industry. The companies referenced by Dimon include well-known behemoths such as Amazon, Apple, and Google in addition to more business-focused apps such as Square, Stripe, […]

3y ago

Chase Bank Deletes Tweet After Backlash

Chase Bank Deletes Tweet After Backlash

The Twitter account for banking giant Chase sent — and deleted — a tweet on Monday, one that critics said mocked people with low bank balances. The tweet, preserved as a screen capture by various Twitter users, is structured as a conversation between an anonymous bank client and a living version of their bank account. […]

5y ago

JP Morgan CEO ‘Doesn’t Know’ How A Low Paid Employee Can Budget Her Salary

JP Morgan CEO ‘Doesn’t Know’ How A Low Paid Employee Can Budget Her Salary

On April 10, the House of Representatives Financial Services Committee held a hearing on holding megabanks responsible for the lingering effects of the financial crisis. Though the global financial crisis was the focus, Katie Porter, a congresswoman from California’s 45th congressional district, made sure to ask Jamie Dimon, the CEO of JP Morgan Chase & […]

5y ago

Jamie Dimon, JP Morgan Chase CEO, Considered Run For President

Jamie Dimon, JP Morgan Chase CEO, Considered Run For President

Jamie Dimon, the longtime head of JP Morgan Chase, and one of the nation’s most powerful business executives, spent much of the past year weighing a run for president, but ultimately decided not to do so, CNBC reported on Thursday. The 63-year-old Wall Street titan spent much of 2018 considering whether to run, before concluding […]

5y ago

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